South Carolina Code 38-89-70. Consideration of investment income in structuring rates and determining profit or loss
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Terms Used In South Carolina Code 38-89-70
- Association: means a joint underwriting association established pursuant to this subdivision. See South Carolina Code 38-89-10
- Director: means the person who is appointed by the Governor upon the advice and consent of the Senate and who is responsible for the operation and management of the department. See South Carolina Code 38-1-20
- insurance: includes annuities. See South Carolina Code 38-1-20
In structuring rates for day care liability insurance and determining the profit or loss of the association in respect to the insurance, consideration must be given by the director or his designee to all investment income.